XLRI Finance Summit
'08 Ends with Grand Successtext
Post-event Press-releasetext
XLRI Jamshedpur in
association with the Institute of Cost & Works Accountants of India (ICWAI)
organized the "XLRI Finance Seminar '08". Conducted and arranged by
FINAX, the Finance Association at XLRI, the seminar provided an insight to
management students about different aspects of Risk Management, a topic of
utmost relevance in the present day business scenario.text
Various dignitaries came together
on a common stage and enriched the discussions with their vast experience and
vision. The dignitaries included Dr. A. K. Sarkar, Director (Finance) -
Central Coalfields Limited, Mr. N. K. Mishra, Group Head (Mergers
& Acquisitions) - Tata Steel, Mr. Robin Roy, Associate Director -
PricewaterhouseCoopers, Mr. C. E. S. Azariah, CEO - FIMMDA,
Shri D. Ravishankar, Ex. Director, Investment & Risk Management -
CRISIL, Dr. Venkatachalam, Ex. Director - Bangalore Stock Exchange.
Delegates from Tata Steel, ICWAI and students from ICWAI also attended
the seminar.text
"This seminar exposed the
management students and other participants present, about the various
specialized activities related to risk management," said Dr. Gourav Vallabh,
an eminent XLRI faculty from the finance area.text
The inaugural address was given
by the guest of honour, Mr. Chandra Wadhwa, President - ICWAI, while
Dr. A. K. Sarkar, Director (Finance) - CCL, the chief guest for the
seminar, delivered the keynote address.text
Dr. D. Ravishankar, Ex.
Director, Investment & Risk Management - CRISIL, enlightened the
gathering on the topic of Risk Management in Banking Industry. He explained the
various types of risks faced in banking industry, and then also spoke
about Basel II and the risk management architecture and framework.text
A session on Interest & Foreign
Exchange Risks and was taken by Mr. C. E. S. Azariah, CEO - FIMMDA.
He explained the 10-year G-Sec yield movements and also went on to demonstrate
the change in the behavior of banks with the change in interest rate trends.text
A panel discussion on Mergers and
Acquisitions (M&A) was one of the key events of the seminar. The panelists
discussed on how corporate restructuring strategies are an important aspect of
the corporate finance world, and can dictate the fortunes of the companies
involved for years to come. As industry structure moves towards more
consolidation, it becomes imperative for upcoming managers in India to
understand the process of due deliberation and its importance in working out a
deal.text
Mr. Robin Roy, Associate
Director, PricewaterhouseCoopers, in his session on 'Enterprise Wide
Risk Management', discussed about enterprise risk systems and their
relevance in today's global economy.text
The participation level and
discussion with students and faculty alike at the seminar re-established the
strength and expertise of XLRI in the area of finance. The seminar was sponsored
by ICWAI and co-sponsored by Tata Steel, Larsen & Toubro Ltd.,
Taxmann Publications and Karvy Stock Broking Ltd.text
